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Leading companies in the electronic wet chemicals industry use a variety of strategies to maintain their competitive advantage. Forming strategic alliances is emphasized by some to expand their market presence and enhance their product variety, while others place more emphasis on conducting intensive research and development to produce specific chemical formulations that meet semiconductor demands. In addition, as environmental awareness grows, there is an increasing tendency towards investing in eco-friendly solutions and sustainable practices. To sum up, these business titans use a combination of partnerships, innovation, and sustainability initiatives to strengthen their market positions and stay flexible in the face of shifting industry dynamics.
Focused on innovation, Air Products and Chemicals, Inc. frequently introduces state-of-the-art chemical solutions tailored for semiconductor manufacturing. Building strategic alliances is a top priority for BASF SE to increase its market share and enhance its product line. Prioritizing sustainable practices, Cabot Microelectronics Corporation makes investments in eco-friendly solutions to comply with changing environmental standards. In order to strengthen their positions in the market, these companies combine collaborations, research, and sustainability initiatives. They also make adjustments to meet the changing needs of the industry in order to maintain their competitiveness and growth.
Major players operating in the market include:
The ethylene propylene diene monomer segment reached USD 16.5 billion in the elastomeric membrane market and is projected to witness high demand till 2032 due to its flexibility, durability, and exceptional resistance to weathering.
Asia Pacific market size accounted for USD 12.4 billion in 2023 and is estimated to record substantial growth through 2032 due to the uptick in construction, urbanization, and infrastructure endeavours.
Some of the top companies engaged in the industry are BASF SE, Carlisle Construction Materials, Firestone Building Products, GAF Materials Corporation, Henry Company, Johns Manville, Mapei Corporation, Sika AG, SOPREMA Group, Tremco Incorporated, Triflex GmbH & Co. KG, and W. R. Grace & Co.
Market size for elastomeric membrane reached USD 42 billion in 2023 and is poised to expand at over 7.2% CAGR between 2024 and 2032 owing to the global upsurge in building projects, particularly in expanding cities.